Carrier Global (CARR) Operating Expenses (2019 - 2026)

Carrier Global (CARR) reported Operating Expenses of $5.1 billion for Q1 2026, up 9.58% year-over-year from $4.7 billion in Q1 2025, and up 6.65% quarter-over-quarter from $4.8 billion in Q4 2025.

Carrier Global (CARR) Operating Expenses (2019 - 2026) Analysis & Trends

Carrier Global (CARR) has 8 years of Operating Expenses data on file, last reported at $5.1 billion in Q1 2026.

  • Operating Expenses for Q1 2026 came in at $5.1 billion, up 9.58% year-over-year; the trailing twelve-month figure through Mar 2026 was $20.3 billion (up 1.38% YoY), and the FY2025 annual result was $19.8 billion, down 2.69% from the prior year.
  • Operating Expenses grew to $5.1 billion in Q1 2026 per CARR's latest filing, from $4.8 billion in the prior quarter.
  • Over five years, Operating Expenses peaked at $5.3 billion in Q2 2025 and troughed at $2.1 billion in Q4 2022.
  • A 5-year average of $4.6 billion and a median of $4.8 billion in 2024 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2022 and 2023: Operating Expenses tumbled 56.41% in 2022, then soared 98.15% in 2023.
  • A 5-year view of Operating Expenses shows it stood at $2.1 billion in 2022, then surged by 98.15% to $4.1 billion in 2023, then rose by 17.06% to $4.8 billion in 2024, then increased by 0.29% to $4.8 billion in 2025, then advanced by 6.65% to $5.1 billion in 2026.
  • Business Quant data shows CARR's Operating Expenses at $5.1 billion in Q1 2026, $4.8 billion in Q4 2025, and $5.1 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Trane Technologies 107.22 Bn 106.17 Bn 1.73 Bn 952.00 Mn
2 Johnson Controls International 89.13 Bn 88.60 Bn 2.07 Bn 1.22 Bn
3 Carrier Global 60.07 Bn 59.04 Bn 4.82 Bn 5.10 Bn
4 Lennox International 18.56 Bn 18.51 Bn 351.30 Mn 185.20 Mn
5 Masco 15.26 Bn 15.14 Bn 686.00 Mn 369.00 Mn
6 Carlisle Companies 14.75 Bn 13.98 Bn 363.20 Mn 183.90 Mn
7 SPX Technologies 12.03 Bn 11.87 Bn 230.60 Mn 14.50 Mn
8 Advanced Drainage Systems 11.45 Bn 11.30 Bn 237.66 Mn -
9 Aaon 11.16 Bn 11.16 Bn 109.77 Mn 65.81 Mn
10 Owens Corning 10.30 Bn 10.07 Bn 510.00 Mn 390.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 5.10 Bn
Dec 31, 2025 4.78 Bn
Sep 30, 2025 5.08 Bn
Jun 30, 2025 5.32 Bn
Mar 31, 2025 4.66 Bn
Dec 31, 2024 4.77 Bn
Sep 30, 2024 5.28 Bn
Jun 30, 2024 5.31 Bn
Mar 31, 2024 5.03 Bn
Dec 31, 2023 4.07 Bn
Sep 30, 2023 4.24 Bn
Jun 30, 2023 5.17 Bn
Mar 31, 2023 4.76 Bn
Dec 31, 2022 2.06 Bn
Sep 30, 2022 4.74 Bn
Jun 30, 2022 4.50 Bn
Mar 31, 2022 4.09 Bn
Dec 31, 2021 4.72 Bn
Sep 30, 2021 4.61 Bn
Jun 30, 2021 4.76 Bn